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is up 5,550 points since then, just shy of the 14,000 mark. the economy is growing. instead of contracting. in the first quarter of 2009, the gdp contracted 5.3%. it grew 3.1% when the last time it was officially measured. though remains below where it was before the great recession, consumer confidence has nearly doubled. and a larger percentage of americans, 41%, according to our last poll, believe the country is headed in the right direction, up from 26% in january, 2009. on the other hand, there is plenty of data to support the idea that the drink country is not better off than it was four years ago. and that the struggling economy continues to take a toll on families. median household income is lower than it was in 2009. and 46 million americans live below the poverty line. several million more than four years ago. the federal public debt has increased from 10.6 trillion in january 2009 to 16.4 trillion now. then there's the big number that's exactly the same as it was four years ago. the unemployment rate. 7.8%. though it's down from, of course, a high of 10% in octobe
countries. why this site specifically? it is about gas and oil, that is the backbone of the economy and of course that is of great interest for the europeans who import from algeria. melissa: why attack in algeria for what is happening in molly? you can see they are neighbors, but why would this be the best way to make a statement, do you think? >> algeria has opened its airspace between friends in the north and the train into mali. it aided france in attacking al qaeda in mali. this is a lesson, a revenge against algeria to stop them from along the french across into mali. melissa: what is our role, what is the proper response for us? there are americans involved among the hostages, we have a drone overhead but it is limited given the algerian military is on-site. what can america do and what should we do? >> that is things we cannot talk about what the government will not talk about. obviously a special mission is being prepared that would emerge if they're executed, but let's be clear, the lead is the algerians. they are on the ground surrounding the flight. some hostages have be
lawmakers accountable for what they're doing or not doing to the economy. i am the network's chief business correspondent in addition to anchoring the show. it's a title i earned covering economies and businesses and stock marks around the world. you can see me do that every weekday morning on a show called "world business today." next week, i'll be talking to some of the smartest most powerful minds in business who have an impact on your prosperity. let me show you where i'm going. davos is in the eastern part of squitser land in the swiss alps. it is the highest city in europe. a little more than 10,000 people live there, but every year some of the biggest names in business come in for the world economic for forum. it turns out to be the coldest place in europe and maybe the best place to take the temperature of the global economy. i'll be thousands of miles away but not going to forget about my job. my fox will be on what role the u.s. plays in the global economy and what 2013 is going to look like to the global business elite because their decisions will have an impact on investment and
temperature of the global economy. i'll be thousands of miles away but not going to forget about my job. my fox will be on what role the u.s. plays in the global economy and what 2013 is going to look like to the global business elite because their decisions will have an impact on investment and job creation right here in the united states. if you've got questions you want me to ask, you're unclear how the u.s. fits into the global economy right now, hit me up before i go or while i'm there. and tune in here saturdays as the 1:00 p.m. eastern, suns at 3:00. thanks for joining the conversation here on "your $$$$$" and have a fantastic $$$$$" and have a fantastic weekend. -- captions by vitac -- >>> a beautiful day on the national mall. hello, everyone. it's 2:00 on the east coast. 11:00 a.m. out west. thank you for joining us. i'm kate bolduan. >> i'm john berman. great to see you here today. we are live in washington, d.c., covering a huge event for this city and a huge event for the entire country. president barack obama's second inauguration. >> you can just see the
with border enforcement, jobs and the california economy. since 2007 there's been less need for unskilled labor and a greater demand for workers with degrees. immigrants from asia, especially india, tend to be more highly educated. >> we see the united states of america as a pretty much gold mountain where we have endless opportunities to achieve. >> reporter: case in point, victor lu, he came to the united states as a refugee from vietnam and went into the restaurant supply business 25 years ago today. at 80,000 square feet his store is now one of the largest and most successful of its kind in the south bay. >> my parents both came about 33 years ago with nothing, no english. very limited english still today, but they decided to start a business and it flourished and with everybody's support it is what it is today. >> reporter: in the south bay, len ramirez, cbs5. >>> all this dry weather has put a dent in the snowpack now down from 137% to 109, but look at last year, 12% of normal. any snow on the mountains? any rain in your backyard? i got your forecast coming up. ,,,,,,,, get beauty
? it's hard enough getting jobs right now in this economy. veterans' unemployment is a little bit higher than the national rate. then you have people who are dealing with some type of wound as they try to get back into the workforce. do we have to curry the jobs towards their skills? >> no, i don't think so. i think these disabled veterans bring lots of skills and leadership skills as well as the breadth and depth of experience they had in the services back to local communities. what has occurred is the u.s. army in 2007 asked the national organization on disabilities to help develop a solution to this problem, and they created three locations in north carolina, texas and colorado to work very closely with these stabled veterans. it was one on one with other veterans working with veterans, primarily disabled with disabled, very career-intensive veterans centric and focused on transitioning them back into civil society. the success rate has been over 70% of those veterans after 18 months have a job or they're in some sort of educational environment to include vocational training. i
. >> tech production tends to sink lower when the economy is struggling and when things are going well, drive us out of recession according to ross duval, study author. things are booming now and the numbers would support that. according to a new report on startups compiled by researchers, silicon 1234r50e8 12 was the best place in the world to start a company. >>> that might explain the area's number one ranking notice milken study but also consider these tidbits. san jose's wage growth dropped almost 2% in the last year, per the u.s. labor statistics and santa clara's unemployment rate, while a steady 7.7% is good for just seventh best in the state of california. >> job growth here greatly exceeds what we're seeing in any other metro area in the country. the challenge is there are still many families struggling as we know. unemployment exceeds 8% in san jose. >> and council mann's remarks there summarize the situation well. we are adding the most jobs of any place in the country here in silicon valley. that's true. startups are flourishing. but the overall economy by standard measure
is a bundle of joy for california's economy. a future worker. a future taxpayer, and a future buyer for your home. trouble is, there aren't enough women having babies. that spells potential crisis for the future of the state. >> i want to get married, have a career, all these things. most of my friends feel the same way. i think our generation wants to wait longer. we don't really see ourselves with kids in our 20s. >> maybe it's the economy. people with making sure they have enough for themselves first. >> we peaked in california in 1990. >> reporter: dell myers from usc sees a convergence of troubling trends. on top of a declining birthrate, there is a growing senior population. that means a shortage of doctors and caregivers in the supply pipeline to serve the aging. >> basically, there's almost twice as many seniors now per working-age person, or there will will, than tha there have been traditionally. >> reporter: aggravating factors are declining education opportunities and a higher cost of living in california. fewer people are coming to the state, including undocumented workers. myer
felt like the economy was starting to turn and at the same time, the interest rates kept getting lower and lower. that created a sense of urgency. >> reporter: they are hardly alone. at this development east of los angeles, sales have tripled over the last year. they're now selling homes faster than they can build them. >> this community is hoppin''. there's a lot of activity. >> reporter: real estate agent rose broghamer says it's a stark contrast to the scene here five years ago when the real estate boom went bust. there was a period where this was kind of like a ghost town. >> that's a really good word for it. it was very desolate. i did a lot of short sales helped a lot of people move out of their homes, out of their dream homes and had nowhere to put them. >> reporter: and now it's exactly the opposite. >> absolute. now we're seeing it come full circle. >> reporter: and then some. >> this is our master bedroom. >> reporter: the omens haven't even furnished their four-bedroom home with a view but they've already been approached by people asking. >> are you interested in selling? i
guy. i'm just -- i'm just a victim of this economy. >> reporter: but the tenants say they are the real victims in this case. in san francisco, i'm da lin, cbs 5. >>> well, it is the go to website before going out. now yelp will offer more than food reviews. cbs 5 consumerwatch reporter julie watts on the additional information being offered to diners in san francisco. >> reporter: when it comes to eating out, clean is just as important as the cuisine. >> it's definitely important to me how clean a restaurant is. it's very important. >> you don't want to go into a restaurant and end up with ptomaine poisoning. >> reporter: well, starting this week san francisco diners will have one more protection against food-borne illnesses. yelp will now post the san francisco health department inspection results next to their reviews and star ratings. so your standard search will also include the numerical grade given to the restaurant from 0 to 100 on its last inspection. >> anything from the structural condition of the restaurant to if there's
year and the fourth year. >> harder when he's a candidate to an achieve. the economy, they said if they passed the massive unemployment, it'd keep under 8%, it was spiked up to 10% and down to 7.8 and they say it's a fail. and killed osama bin laden, and passed health care, what kind of program we'll be we're only getting it now, it passed two years ago. >> alisyn: and iraq, promised to end iraq and making steps towards that as well. >> iraq and afghanistan. >> although unemployment continues to be a problem. i read this morning one more person unemployed, manti te'o's imagery girlfriend has lost her job. >> her imagery job. >> she didn't show up. >> we found out she was alive before she didn't exist. >> and people in kentucky picked up a phone and senator mitch mcconnell was calling them on the television and recorded a message sent out to about 250,000 people who live in kentucky. and who own guns who are hunters and he personally pledged as the minority leader in the u.s. senate, he will not allow the president's gun control measures to go through. and here is a little bit of
investors more optimistic about the economy. the dow is up 69. the nasdaq is up 18. s&p up 7. >>> an influential group of business leaders is pushing for an increase in the full retirement age. the business round table made up of large company's ceos -- companies' secretary of state, says the retirement age should gradually go up to 70. the group is proposing the older retirement age apply for both social security and medicare. members also want to partially privatize healthcare for older americans. they say their plan to help preserve social security and medicare for all americans. >>> 8:44. let's bring you up to date on some of the other top stories we're following for you right now. algerian forces reportedly raided a natural gas plant trying to free dozens of foreign hostages including americans held by militants. but the militants say 35 hostages and 15 kidnappers were killed by algerian military helicopters. they also say that seven hostages including two americans survived. no comment yet on this by the algerian government. >>> back this country, notre dame football st
it was in january, twine, the president is still struggling with the slow economy, high unemployment and voters lack of trust and confidence in washington. >> we are poised for a good year if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> before the hard work of the second term begins, the obamas will squeeze in a little bit of sun. in 2009 the president and first lady had a whirlwind night on the town. ten inaugural balls. this year there are just two official balls. one is expected to draw more than 35,000. they will groove to the sounds of smoky robinson, usher, and brad paisley. >> and i like a good party. >> but it could be an early night. the president has a job to do the next day. >> it's been a busy and productive four years. i expect the same for the next four years. >> karen traverse, abc news, washington. >> our coverage of the inauguration begins monday at 4:00 a.m. with a special edition of good morning america. we will also have live streaming coverage at abc7 starting at 6:30 monday morning. >>>
, 2009, the president is still struggling with the slow economy, high unemployment and voters' lack of trust and confidence in washington. >> we are poised for a good year if we make smart decisions and sound investments. and as long as washington politics don't get in the way of america's progress. >> before the hard work of the second term begins, the obamas will squeeze in a little bit of fun. in 2009 the president and first lady had a whirlwind night on the town. ten inaugural balls. this year there are just two official balls. one is expected to draw more than 35,000. ♪ they will groove to the sounds of katie perry, smoky robinson, usher, and brad paisley. >> and i like a good party. >> but it could be an early night. the president has a job to do the next day. >> it's been a busy and productive four years. i expect the same for the next four years. >> karen traverse, abc news, washington. >> our coverage of the inauguration begins monday at 4:00 a.m. with a special edition of good morning america. we will also have live streaming coverage at abc7 starting at 6:30 mo
after an expensive campaign, a tough economy and four years. >> just the moment that that was for the country, the first african-american president. and it was new for everyone. but you know what? there still is a level of excitement despite the numbers. >> as we move down pennsylvania avenue. >> reporter: already fortress d.c. is taking shape, a lockdown, as the president talks to historians about hitting the right tones in what will be his last inaugural address. despite the fact this is going to be a much smaller affair, it's going to be a lot of excitement, as anita mcbride said. the number of people who will be here, nearly double who came to the second inaugural for president bush and president clinton. dan and bianna? >> still, that remarkable drop-off from the last time. david kerley, thank you very much. stay warm. >>> and our special coverage of the inauguration starts tomorrow on "gma." and abc news live coverage of the ceremony on monday, starts at 7:00 eastern, with george stephanopoulos and josh elliott co-anchoring. a special edition of "good morni
want to try to stimulate the economy. we'll give folks a break and lower it. it went from 6.2% to 4.2%. now it's back where it started. >> and congress decided not to decrease it because they felt that the economy was strong enough? it may sound small to some but doesn't feel small to a lot of people. >> we're talking about 160 million people that are affected by this. the average worker will feel like a $700 loss in income for the year. and biweekly check, that will really hit you. $50,000, it will go down by $38 every two weeks. >> is there a quick and easy way to calculate how much you're going to lose if you're in the mood to do that? >> you actually just calculate your wages by 0.2. >> do you have some tips for us as to what the best way to handle this is? >> it will take a lot of discipline from a lot of people. you were used to this and now you don't have it anymore. start with juadjusting your withholding. you want a little bit more in your paycheck every time. to do that, you need to double-check your withholding. go to the irs calculator and make sure you have the withhold
technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> news alert from california where toyota announced it's settling a wrongful death suit with the families of two people killed when their car accelerated unexpectedly. the two were killed when their car slammed into a wall in 2010. hundreds of other wrongful death suits are pending. toyota offered to pay a billion dollars claiming owners suffered money losses when their cars suddenly sped up. >>> in algeria u.s. authorities are awaiting word on the fate of some americans being held by islamic extremists. earlier today algerian special forces stormed a gas plant where the militants were holding dozens of hostages. during the raid some of the hostages and mutants were killed. it's unclear how many. -- militants were killed. it's unclear how. >>> -- how many. >>> al pacino will be in a movie called happy valley based on joe paterno as the winningest coach in college football history who saw his career end in di
of our debt relative to the size of our economy, but it would make it manageable. jon: that's the $4 trillion that he is talking, talking about, sg that if you can cut $4 trillion in spending, that's going to make thingsings hunky dory. is it? >> with well, no, i would say no. for the reasons doug suggests that $4 trillion isn't really $4 trillion. if it were a real $4 trillion, it would be an effective patch, a short-term fix. what it will not do, however, is change the long-term debt trajectory of the country, and there's really no discussion, particularly discussion that involves the white house on a serious level about changing the debt trajectory of the country. you're not hearing from the president proposals for long-term, structural entitlement reform which everybody in washington, b everybody who's paid even cursory attention to these issues understands is what's really driving our debt. jon: and i just have to let our viewers know that steve is not a marionette, there are cables behind his head for the window washers -- [laughter] who are getting ready to clean the windows t
is fantastic on its face. a boss pays people to lose weight. >> if you can't get a raise in a tough economy, maybe your boss will pay you to lose weight. this company offers programs where the incentive to lower body mass index or cholesterol numbers is cash. more employers are looking for programs that will get workers fit. it is the result, of course, and you can probably imagine, of the rising health care costs associated with insurance and reduced productivity, workers dealing with obesity and other chronic health issues reportedly cost more than $153 billion a year in lost productivity because they are absent from work. >>steve: one of the great things is if you're in shape studies have shown you actually do more, a better job at work. >> and you're going to ward off the flu probably easier too. >>gretchen: cheaper health care costs for employers. >> always worry about their bottom line. >>brian: talk about pom granite juice. >> the f.e.c. released a final constituted by did pom juice. a judge ruled it used deceptive advertising in that it can treat or prevent heart disease, prostate c
reporter jason brooks joins us with more. >> reporter: we have some good news on the economy this morning. starting out with a labor department report that first time weekly unemployment claims fell by 37,000 to 335,000. lowest point in five years. four-week average down to 3359,000 meaning there's more hiring than firing. january is tough to figure out because of temporary holiday jobs that tend to go away at this time but this might indicate that some retailers are holding on to some of those employees a little longer perhaps even permanently. also good news on the housing market which just continues its recovery. commerce department reporting that housing starts in december were up over 900,000, more than 12% increase from the month before. and overall in 2012 up about 28% over the starts that we saw in 2011. prices are also on the increase and we're seeing fewer foreclosures. earnings are starting to roll in for the 4th quarter and ebay posted a nice quarter topping earning expectations thanks to big gains in its paypal unit. revenue ca
and next, earnings from investors, as they gauge how the economy is doing. and speak egg of the economy, the federal reserve's regional survey found modest growth at year end 2012. this despite concerns about the fiscal cliff and the looming battle over the debt ceiling. back to you. >> mary thompson at the new york stock exchange. thank you. >>> one of television's favorite fathers has died. conrad bain played phillip drummond on "different strokes," the adopted father of two african-american brothers, played by todd bridges and gary coleman a veteran stage actor, bain rose to fame in middle age with the long-.-running family sitcom. conrad bain was 89 years old. a big hit here on nbc. 7:19 now. back to matt, savannah and al. >> must see tv. >> definitely. >> thanks, matt. >> thanks very much. mr. roker is here. >> a big storm is down south. let's go live now to pearl, mississippi, you can see the snow is already on the ground. they have got more on the way. as we take a look and show you what's happening, here is the latest. we have got winter storm warning, winter weather advisories
factor for the drop of immigration from latin america may be the bad economy. a man tried to kidnap a three year-old boy and the middle of the mall in the middle of a store. luckily, the mom spotted him and now we have details about who they are looking for. we will be right back. >> looked back as 829 and looking at the weather here is erica. >> it is sunny but kind of hazy. remembered today as a winter spare the air day, no wood burning out loud. a lot of you probably wish you could because we have several cases in the upper 20s. 34 out the door in san francisco and into the afternoon sunny and warm conditions. mid to upper 50s for most of us and the south bay's bats. it will not be as cold as the past couple of nights. as we transition into the weekend we will have full details on what to expect in my next report. 830 and let's check back with george. >> not tracking any hot spots but the bay bridge ride drive times are holding at 18 to 22 minutes. the bridge was an early morning hot spot along the last several days and it has cleared out. the right to the san mateo bridge still
of his involvement in doping. >>> turning, now, to the economy, a milestone in the housing recoveries. new figures show home foreclosures dropping 17% to a six-year low last month. and construction of new homes hit a nearly five-year high. >>> people with egg allergies will soon be able to get a flu shot. the fda has approved an egg-free vaccine that will be available soon, but only for people 18 to 49 years old. a new study confirms the regular flu shot is indeed safe for pregnant women and their unborn children. >>> and a remarkable story, now, from that helicopter crash in central london just yesterday. the helicopter clipped a construction crane, burst into flames, killing two people, injuring more than a dozen in the process. but the two crane workers survived. why? because they both overslept for the first time in years and were late getting to work. >>> and finally, something of a controversy at subway. a growing movement, now, online has people getting out their measuring tapes showing that the sandwich chain's famous foot-long sub actually falls one inch short. >> oh, no. >>
and will not last. why would i buy land? because agriculture will be one of the most exciting parts of the economy for the next 20 or 30 years. you should learn how to drive a tractor. dagen: i know how to drive a tractor. i probably learned before you did. talk to me about the treasury rates, real quick. when will this come home for us as a nation because, again, congress and our lawmakers are getting a free pass and not doing anything about our long-term financial situation because we can still borrow at such low rates? >> it is because the federal reserve is in their buying bonds. this is an artificial development right now. something that is artificial, it comes home to haunt them eventually. the problem, i am sure -- the problem, dagen, there may be more turmoil coming in the currency markets. you see what is happening with the again right now. it is the wrong thing to do, but they will do it anyway. dagen: you like agricultural commodities, obviously, you are buying farmland in iowa. what about other commodities at this point? gold has been very volatile. >> i am not buying farmland here, i
401(k) into a fidelity ira and take control of your personal economy. this is going to be helpful. call or come in today. fidelity investments. turn here. >>> we are back at 8:21 with oils scar and tony-winning actress, catherine zeta-jones. she place the wife of a corrupt mayor in "broken city." >> when her husband hires a priva privateer to track her, she says he is following the wrong story. >> this is not what you think it is mr. taggert. >> i get fide take pitch perrers, not think. >> if that woman you put down the bottle for means anything, if the last seven years of your life means anything, walk away. if you think you are investigating adultery, mr. taggert, you don't know nicholass who set nicholas s who st very well. >> catherine zeta-jones, good morning to you. we want to talk about this movie is a good one. first we saw you at the golden globes the other night, you were a presenter which i think would be-racking than as a nominee. you sang your opening line. >> node choice. going to the nerves, i get nervous walking down a red carpet, literally, it's always nerve-racki
to leave the pentagon. s he has fought to protect the economy. and he is expected to return to california next month. >>> some scary moments for people at three separate gun shows yesterday. here in raleigh, north carolina, a shotgun accidentally fired. he brought it to the gun show to sell s and he didn't unload the ammunition. another man shot himself in the hand. in medina, ohio, the handgun he was checking was loaded when he pulled the trigger and it was discharged. it wounded a bystander in the arm and leg. >>> hundreds of gun activists protested at the capital. ♪ >> the event was one of several pro gun protests nationwide. many of the activists say ban on proposed weapons and high clips are a way to chip away at the second amendment right. they spiked 60% in two years. the press democrat reports firearms dealers in sonoma county sold 700 guns a day. this came touring a crop in crime. >>> no money will be handed out at marin county. because the program ran out of cash. 300 were turned in last week. they gave them the allotted money and they need to raise $60,000 to carry the nongua
Search Results 0 to 29 of about 30 (some duplicates have been removed)